The global demand for concrete admixture is expected to rise at a healthy CAGR of 6.1% per year to USD 15.1 billion in 2022, supported by the following:
| Attributes | Key Statistics |
|---|---|
| Global Concrete Admixture Market Estimated Size (2022E) | USD 15.1 Billion |
| Projected Market Valuation (2032F) | USD 27.4 Billion |
| Value-based CAGR (2022 to 2032) | 6.1% |
| Collective Value Share: Top 3 Countries (2022E) | 51% |
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In the coming years, the residential requirements are expected to grow as a result of a growing middle class and government initiatives such as stricter requirements for contractor quality.
Several infrastructure development programs are expected to be undertaken in India, including the development of a home for every citizen (India Vision 2020, Planning Commission of India), the development of transportation infrastructure, and the creation of new megacities both in India and China.
This is likely to open up new opportunities for the concrete admixture market in the future. As a result of increasing prices of concrete admixtures chemicals coupled with a lack of awareness about the advantages of admixtures amongst the unorganized construction sector in the Asia Pacific and other developing regions, this has led to a lack of expansion of the concrete admixture market.
CAGR for the concrete admixtures market in the Asia Pacific region during the forecast period is expected to grow at the fastest rate. Rapid urbanization in the region is driving the growth of the concrete admixtures market. As a result of increasing government and private sector investments in infrastructure development, the construction market can be boosted.
Countries like India and China are expected to lead the construction industry's demand for concrete admixtures in the Asia Pacific region. Therefore, the construction industry has a huge potential for concrete admixtures.
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Europe is another prominent and leading regional market that accounts for a majority of the demand for concrete admixtures in the global market. In the Europe concrete admixtures market, the growth is being driven by the increased adoption of these solutions in the global concrete admixtures market in the commercial construction process.
The concrete admixture market remains influenced by the effect of the waves of innovation brought in by key players. Players work on unique additives that can significantly increase concrete strength, durability, and compressive and flexural strength.
In this technology, synthetically manufactured crystalline calcium silicate hydrate (CSH) nanoparticles are suspended in a stable suspension to help CSH crystals to form between cement grains and to increase the moisture content of Portland cement.
While organic growth strategies are employed to capture the attention of end users, inorganic growth strategies are used by companies to capture a significant market share.
For instance, it has been reported that a CEMEX subsidiary, S.A.B. de C.V., entered into an agreement in January 2020 with Breedon Group (Breedon) to sell certain assets in the United Kingdom for a total price of approximately USD 235 million, which includes approximately USD 31 million in debt.
As a result of the sale of the active assets, 49 ready-mix plants, 28 aggregate quarries, four depots, one cement terminal, 14 asphalt plants, and four concrete products enterprises have been sold.
In addition, in December 2019, BASF and a subsidiary of Lone Star Partners, a global private equity firm, entered into a purchase agreement for BASF's Construction Chemicals business. On a cash-free basis, the purchase price amounts to EUR 3.17 billion.
According to a new research study published by Future Market Insights, the global concrete admixture market is anticipated to hold around 36.1% of the global construction chemicals market in the evaluation period.
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Demand for concrete admixture grew at 5.2% CAGR between 2017 and 2021 and it is set to grow at a steady pace depending on the number of construction activities in various countries. Construction activities are likely to depend on a particular country’s investments in infrastructure development plans and the number of projects initiated by government bodies.
The global concrete admixture market is projected to showcase substantial growth at a CAGR of 6.1% over the assessment period. Increased need for novel infrastructures in emerging countries, rapid urbanization, and rising government initiatives to enhance the residential sector are expected to push the construction industry, thereby driving demand for concrete waterproof admixture.
The concrete admixture market is mainly driven by increasing use of water-reducing admixtures as conservation of water is requisite. It is estimated that about 17 percent of the water is used for direct purposes at construction sites, while 25 percent of water is used for indirect purposes.
On the other hand, water-reducing admixture can lower the water content by 15-30% in the concrete mix. Thus, high demand for water-reducing admixtures such as plasticizers and superplasticizers is driving the concrete admixture market.
In addition to providing great strength, durability, and a strong link between steel and concrete, plasticizers are excellent for removing water from concrete. Workability is a crucial property of concrete mixture quality. This has increased the demand for plasticizers in various parts of the globe. Additionally, plasticizers help in reducing cracking, bleeding, and segregation, which would aid growth.
Increasing use of ready-mix concrete and precast concrete are some of the other factors that would push demand for superplasticizers. Ready-mix concrete is often used in big infrastructure or building projects as it helps to improve the concrete's flowability.
The United Nations suggests that the global population is estimated to reach around 9.7 billion by 2050. This is anticipated to lead to rapid urbanization, including rising number of construction activities in both residential and commercial sectors.
Governments are further increasing their investments in the construction of public infrastructures to fulfill the population's rising demand for residential, commercial, and industrial construction, as well as for the development of their countries.
Further, developing countries are gradually inclining towards the development of smart city projects, which would propel sales of quick setting concrete admixture. Rising research and development activities by key players is also expected to create new growth opportunities in the market for concrete admixtures.
To make a structure appear more aesthetically pleasing, concrete is nowadays being poured into a formwork to simulate stones, bricks, tiles, and a variety of other materials. Concrete formwork technology has had a significant influence across the globe as it determines the structure of constructions even when they are being constructed.
Formwork is often left in place until the concrete has sufficiently dried to be removed. It takes almost 24–48 hours for walls, columns, and other structures to remove the form when using conventional concrete. Contrarily, addition of concrete admixtures in concrete improves several characteristics, including workability, durability, and early and final strengths.
This ultimately reduces the time taken for the concrete to set, thereby saving both money and time. Therefore, the market for concrete admixtures is anticipated to grow in the forecast period due to increasing use of fast setting concrete admixture in significant building projects, particularly in bridges and tunnels.
Infrastructure Development Projects to Boost Need for Cement Waterproofing Additives
Due to the rapid expansion of the construction industry, China is set to have the largest market for concrete admixtures. The government is consistently providing incentives to develop the infrastructure sector in China, which is mainly driven by the booming residential sector stoked by burgeoning middle-class population.
China is expected to utilize a substantial amount of concrete for the development of infrastructures, which would further trigger the demand for cement waterproofing additives. Significant investments are also being made in the country from both public and private firms, which is accelerating growth of the infrastructure sector and pushing its need for concrete admixtures.
Liquid Admixture for Concrete to Exhibit High Demand in India
The India concrete admixture market is anticipated to exhibit growth at a CAGR of 8.5% during the projected period. Growth is mainly attributed to increasing investments in infrastructure development projects and surging use of liquid admixture for concrete because of its ability to strengthen structure quality. Government agencies are also investing huge sums to accelerate the development of public and private infrastructure, which would aid growth.
Increasing urban population in metro cities across India is set to have a significant impact on economic growth of the country. Additionally, non-metro cities are expected to gradually follow novel development plans, which would lead to rapid urbanization, thereby representing both potential for growth and difficulties for many end-use sectors. As a result, urbanization is expected to play an important role in propelling the demand for concrete admixture in India.
Easy availability of cost-effective raw materials and increased spending on non-residential projects are a couple of other factors that would fuel the India market.
Residential Sector to Extensively Use Air Entraining Admixture
Based on application, the residential segment currently holds the highest concrete admixture market share of 62.3%. High demand for residential constructions with rising disposable income of consumers and increasing number of nuclear families globally is set to drive the segment.
The infrastructure segment, on the other hand, is anticipated to grow at a robust CAGR during the forecast period. Increasing number of infrastructure development projects in countries such as China, the USA and India on the back of government initiatives is likely to bolster growth.
Apart from that, the commercial and industrial segments are anticipated to grow at a steady pace by 2032 due to the ongoing development of education institutes, private offices, and manufacturing plants across the globe.
Water-reducing Admixture to Showcase High Demand
By type, the water-reducing admixture segment is expected to hold the highest share and exhibit a significant CAGR in the concrete admixture market during the forthcoming years. Increasing demand for water-reducing admixtures in the commercial and residential sectors due to their good water-reducing property is expected to spur growth.
Demand for accelerating admixture has also increased in recent years owing to their ability to reduce the initial setting time, which has extensive applications in residential constructions.
Furthermore, concrete admixtures such as waterproofing and air-entraining are exhibiting immense popularity worldwide. Waterproofing admixtures can reduce the overall maintenance cost and increase durability, as well as structure degradation.
Whereas, rising adoption of air-entraining and retarding admixture to withstand freezing and to set concrete quickly in high temperatures, respectively is fueling growth.
Key players in the concrete admixture market are focusing on adopting alternative distribution channels such as online channels, to strengthen their presence in various parts of the globe. The majority of the key players are aiming to innovate their products to reduce carbon footprint.
A few other companies are striving to expand their existing manufacturing sites and production capacities to cater to the ever-increasing consumer demand.
Some of the key industry developments are
| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | USD15.1 Billion |
| Projected Market Valuation (2032) | USD 27.4 Billion |
| Value-based CAGR (2022 - 2032) | 6.1% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD Billion) and Volume (Kilo Tons) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, and South Africa. |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa. |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | BASF SE; SIKA AG; GCP Applied Technologies; RPM International Inc.; Fosroc International; Mapei S.P.A; CICO Technologies; CHRYSO S.A.S; Pidilite Industries Ltd; Rhein-Chemotechnik GmbH; Weber Saint-Gobain; Polisan Kimya San. A.S; Shandong Wanshan Chemical Co. Ltd.; CEMEX SAB de CV |
| Report Coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
The concrete admixture market is anticipated to reach a valuation of USD 15.1 Billion in 2022.
The concrete admixture market is anticipated to grow at a CAGR of 6.1% over the forecast period of 2022 and 2032.
The concrete admixture market witnessed growth at 5.2% CAGR between 2017 and 2021.
BASF SE, SIKA AG, GCP Applied Technologies, RPM International Inc., Fosroc International, Mapei S.P.A, and CICO Technologies are some of the leading players in the concrete admixture market.
China, the USA, and India are the top countries driving the concrete admixture market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Billion) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Type 9.1. Accelerating Admixture 9.2. Air Entraining Admixture 9.3. Retarding Admixture 9.4. Water Reducing Admixture 9.4.1. Plasticizers 9.4.2. Superplasticizers 9.5. Water Proofing Admixture 9.6. Others 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 10.1. Residential 10.2. Infrastructure 10.3. Commercial 10.4. Industrial 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia & Pacific 11.6. Middle East & Africa 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Country Wise Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. BASF SE 20.2. SIKA AG 20.3. GCP Applied Technologies 20.4. RPM International Inc. 20.5. Fosroc International 20.6. Mapei S.P.A 20.7. CICO Technologies 20.8. CHRYSO S.A.S 20.9. Pidilite Industries Ltd 20.10. Rhein-Chemotechnik GmbH 20.11. Weber Saint-Gobain 20.12. Polisan Kamya San. A.S 20.13. Shangdong Wanshan Chemical Co. Ltd. 20.14. CEMEX SAB de CV 21. Assumptions and Acronyms Used 22. Primary Survey Analysis 23. Research Methodology
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Concrete Admixture Market
